Sap financial accounting configuration steps sap training. Jul 28, 2019 scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. This blog details the steps involved in configuring a new idoc and also lists down the various transactions that are used while working with idocs idocs can be classified into two. Monitor of the migration steps with status management. If you want to implement and use sap accounting powered by sap hana, you have to migrate the existing user data from the gl accounting fi gl, asset accounting fiaa, controlling co and material ledger areas. Parallel accounting in new general ledger the new gl functions include parallel accounting, its an sap feature where you can maintain different sets of books to satisfy all different requirements of financial statement users accurately, efficiently and effectively. Scenarios in sap new gl general ledger accounting skillstek. For information about activating individual functions in customizing, see the release. New gl basics of new general ledger manish kumar screenshots and all other information are based on mysap ecc 5. In the configuration each gl account is assigned to item category. Define the account symbol for agency fees as agency interest earned as interest house bank as housebk1.
A chart of accounts can be used by multiple company codes. For complete recorded training videos, please visit tesco uk is the registered. It is recommended to create a new general ledger configuration and link it to an organization once the account tree to use while posting transactions to that new general ledger has been created. Sap financial accounting configuration steps sap training tutorials.
So splitting accounting line item on the basis of predefined criteria is document splitting. Assign chart of depreciation to company code img a financial accountinga asset accountinga organizational structuresa assign chart of depreciation to company code one of the important steps is the assignment of chart of depreciation to the company code. Summary the note lists the steps to be followed in new gl migration for scenario 3. It can integrate with other sap modules like sap sd, sap pp, sap mm, sap scm, etc. Please note that though we cannot define own scenarios, we can use customerspecific fields. How to configure electronic bank statements in sap sap.
Being offered in mysap erp, document splitting is one of the most powerful feature in new general ledger. Sap fi asset configuration leading it services and. New gl configuration step by step financial accounting. Hi all, we are exporting data from sap to excel file depending on company code, fiscal year, date range from tables bkpf and bseg for gl balance, bsid and bsad for customer, bsik and bsak for vendor it works fine. General ledger, which was meant to meet external reporting only, to a more comprehensive code block to meet additional requirements. With an integrated general ledger, key stakeholders and decision makers have easy, quick and accurate access to information, which leads to management action and valueminded business decisions. Working with the new gl migration cockpit applies to. Document splitting basic steps now that you have understood the basic concepts behind the need of document splitting, lets explore the powerful features available in the new gl. Parallel accounting in new general ledger sap simple docs. This means that the general ledgers of these company codes have identical gl structure. Read download sap new general ledger related notes, pdf materials, step by step enduser documents, training tutorials.
It is recommended that instead of assigned item category to each individual general ledger account try maintaining the item categories for range of general ledger accounts. The general ledger accounting is the complete record of all business transactions. Feb, 2015 new gl in sap fico new general configuration in sap fico new gl concept in sap fico duration. Introduction this material is applicable for sap ecc 6 version. It is used to store the financial data of an organization. Sap fi helps to analyze the financial conditions of a company in the market. Here in this step gls are classified according to item categories according to business transaction nature. If an indian company is registered in us stock exchange, it has to submit reports to stock exchange according to the financial year there in us i. However, at the start of new year, you can definitely create a new parallel ledger, but without old transaction data. Sap fico i about the tutorial sap fi stands for financial accounting and it is one of important modules of sap erp. Hi, the general ledger serves as a complete record of all business transactions. If your team is making the migration to the new general ledger, youre going to need a guide. Activate the new general ledger accounting by a single click on the clock icon2.
Posts about sapnew general ledger written by jayanth maydipalle. Sap fico general ledger accounting configuration steps. Transaction code guides, customization configuration notes and more. Accounting global settings new tools deactivate update of classic general ledger. Page 8 sap new gl simple finance we will cover the fi configuration from scratch and not copying configuration from an existing company code. Classify gl accounts for document splitting you need to classify the individual document items so that the system knows how to handle them. It can happen that an organization might require the same account tree but different general ledgers, one of them in usd and the other one in eur. May 23, 2014 document splitting in sap is a new feature. Sap fico video training new general ledger, segment. Dec 26, 20 for complete recorded training videos, please visit tesco uk is the registered. You will reach to change view activation of new gl acg detail screen and tick the checkbox and save. Sap fico general ledger accounting configuration steps sap. Migration of classical gl to new gl with document splitting. Hi all, please provide me the new gl config steps for implementation.
You have set up the general ledger accounting new figl application component, meaning that new general ledger accounting is active. Now new gl do this activity automatically once configuration is done. Pdf sap financial accounting configuration steps sap. Select y1 double click similarly you can check y2 2. The new general ledger in sap erp has the following advantages over the.
Step 6 identify your gl accounts for your asset classes. References in this chapter to other areas of this and other oracle ebusiness suite users guides can enhance your understanding of how setting up general ledger affects the behavior of specific features and functions. If you want the profit center, business area or segments to appear in line items which you have not entered while posting, then document splitting in sap will populate line items with the selected characteristics even when such line items are not populated manually. With the fields updated in the scenarios in sap new gl, we can. Data transfer from a legacy system is usually the first activity that you need to perform in a new production system after configuration and asset classification. Accomplish segment reporting using document splitting in.
Define field status variants use in this activity you create a field status variant with the corresponding field status gr. How is it different from its older coun answer hannah. For indian companies financial year is april to march. Recording all business transactions primary postings as well as settlements from internal accounting in a software system that is fully integrated with all the other operational areas of a company ensures that the accounting data is.
Consider the guidelines in this chapter as you set up general ledger for your organization. Migration to sap s4 hana finance sap documentation. The general ledger accounting is the complete record of all business transactions gl accounting configuration steps step1. Finally the step to activate document splitting with additional settings like.
Accounts payable records and manages accounting data for all vendors. The following figure provides you with an overview of the confirmation steps within the project phases. Once you migrate to s4hana finance from classical gl, you cannot activate a new parallel ledger. After activation of new general ledger accounting, you exit the img screen when you reenter, you find that a new node is added financial accounting. Oct 05, 2012 sap new gl configuration page 30 of 282. This will guide you step by step how to create new gl configuration in sap thanks vasu. Line item for vendor and tax are split on the base of predefined criteria. New gl configuration step by step free download as word doc.
Sap accounting powered by sap hana is based on new general ledger accounting fi gl new and uses functions such as ledgers to update a particular valuation, and the document splitting function. Summary the note lists the steps to be followed in new gl migration for scenario 3 migration with document splitting. New gl in sap fico new general configuration in sap fico new gl concept in sap fico duration. Complete preparations before you set the preparation status of the project to completed, you should have performed all necessary configuration activities for the new currencies and for the project to manage currencies. You will learn complete subscribe my channel for more videos on sap fico and sap. Standard reports are already available and readily available to use. Define ledger for general ledger accounting fa new fags new ledgers ledger define ledgers for general ledger accounting click on new. Jan 20, 2012 the main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. In the implementation guide, choose financial accounting new general ledger accounting new business transactionsdocument splitting. Starting with constructing concepts, the author provides. Naeem arif and sheikh muhammad tauseef sap erp financials. This chart of accounts is assigned to the company code.
Configuration prevents direct postings to reconciliation. This document help you to understand sap fi new gl configuration in systematic manner and you need not to waste your time in spro for new gl configuration. The purpose of this ppt is to give a basic understanding and the configuration settings required for new gl implementation. The main purpose of gl accounting in sap is to provide a comprehensive picture of external accounting and accounts. Scenarios in sap new gl general ledger accounting is an important part of the sap s4 hana finance implementation. Document splitting allows users to split accounting line items according to specific characteristics. You have set up the general ledger accounting new fi gl application component, meaning that new general ledger accounting is active. These are used to define, which ledger is to be updated during posting. In the implementation guide, choose financial accounting newgeneral ledger accounting new business transactionsdocument splitting. To be able you to undertake this data migration, specific configuration steps are necessary that have been. Learn sap co month end closing activities step by step. Configuration and design bonn boston 393 db 3 6611 4.
When postings are made in accounts payable simultaneously recorded in the general ledger account. Document splitting in new general ledger sap blogs. Steps in accounts payable configuration are as follows. Typically in sap you can depict parallel accounting. Idoc or intermediate documents are commonly used in case of data migration between sap systems or between sap and legacy system or vice versa. Learn the latest features of the sap general ledger in sap. Document splitting is basically divided into three steps. Migration to the new general ledger without document splitting. This document explains about new gl concept and configuration in step by step manner with screenshots. You can either transfer data automatically from a legacy system using any of. Create posting key for agency fees as zagy interest earned as zine. The new general ledger accounting by a single click on the clock icon.
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